Applied Underwriters announced that it has provided $50MM in capital to its wholly-owned subsidiary, the California Insurance Company (CIC). Applied Underwriters acquired CIC in 2003 from General Electric’s Coregis Group. CIC is domiciled in the state of California and plans eventually to compete in California’s $20-billion workers’ compensation insurance market.
Applied Underwriters, the leader in integrated workers’ compensation solutions, has over 10 years’ experience underwriting in California. “We’re bullish on California,” said Carl J. DeBarbrie, Jr., senior vice president at Applied Underwriters. “We believe the recent series of legislative reforms makes this an excellent time to focus our resources on the California marketplace.” For additional information, contact Carl DeBarbrie at (415) 656-5000 or cdebarbrie@applieduw.com.
Topics California Carriers
Was this article valuable?
Here are more articles you may enjoy.
Travelers Reports Solid Underwriting, Record Investment Income for Q3 
Reuters: DXC in Advanced Talks to Sell Insurance Software Unit for $2.4 Billion 
How One Hacker Used AI Agents, a Few Thousand Dollars to Break Into Websites 
Chubb CEO Greenberg: Industry Has to ‘Put Arms Around’ AI Liability 
